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The Impact Of The Political Liberalization-Economic Freedom Nexus On Economic Growth, 1970-2000

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  • CHU, Yun-Peng
  • KONG, Tuan-Yuen

Abstract

The role of institutions in economic growth has recently begun to receive greater attention in academic circles. Although the impact of institutions has been acknowledged by most, definitive conclusions still remain a question, particularly given the problem of endogeneity. We use panel least squares estimation to consider the nexus between political liberalization and economic freedom. We seek to avoid the problem of endogeneity as well as examine the different aspects of institutional roles. We find conclusions for different aspects when controlling political liberalization or economic freedom.

Suggested Citation

  • CHU, Yun-Peng & KONG, Tuan-Yuen, 2009. "The Impact Of The Political Liberalization-Economic Freedom Nexus On Economic Growth, 1970-2000," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
    • Handle: RePEc:eaa:aeinde:v:9:y:2009:i:2_2
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    References listed on IDEAS

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    More about this item

    Keywords

    Political liberalization; Economic freedom; Economic growth;
    All these keywords.

    JEL classification:

    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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